There has been a recent rumor circulating on social media that famous football player Cristiano Ronaldo is the owner of Nike. However, this claim is not true. Ronaldo is not the owner of Nike but has a longstanding partnership with the company.
Nike has been one of Ronaldo’s sponsors since 2003, when he was just a young player at Sporting Lisbon. He signed a sponsorship deal with the brand worth $5 million and has been an ambassador for the company ever since. The company has used Ronaldo in advertising campaigns for many of its products, including their iconic Mercurial football boots.
Ronaldo’s partnership with Nike has been a lucrative one. In 2016, he signed a lifetime deal with the company worth over $1 billion. This deal has made him one of the highest-paid athletes in the world. The partnership has also been beneficial for Nike, as Ronaldo’s global popularity has helped the brand expand its market.
It is important to note that Nike is a publicly traded company with a board of directors and shareholders. It is not owned by any one individual, including Ronaldo. The company was founded by Phil Knight and Bill Bowerman in 1964 and is headquartered in Beaverton, Oregon. It is known for its innovative footwear, apparel, and equipment for athletes.
In conclusion, Ronaldo is not the owner of Nike, but rather a prominent ambassador and partner. His partnership with the brand has been mutually beneficial and has helped both Ronaldo and Nike expand their global reach. As a public company, Nike is owned by shareholders and not any one individual. It is essential to verify information before believing and sharing it on social media to avoid spreading false information.
